Moral Outrage
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Posts Tagged ‘economies

Theory on why rating agencies are downgrading US debt

August 8, 2011

Some are of the opinion that the rating agencies are working with some of the predatory bankers and the hedge funds who are trading in these naked credit default swaps, and are targeting these economies and countries for failure, because they make more money on these insurances than they lose on their bond holdings. We […]

The Nature of the Arab Economies

March 6, 2011

Most of the Arab economies where the revolts are taking place are based on ‘rents’ from oil, gas, minerals and tourism, which provide most of the export earnings and state revenues (Financial Times, Feb. 22, 2011, p. 14). These economic sectors are, in effect, export enclaves employing a tiny fraction of the labor force and […]

Rising Food Prices Push Millions More Into Poverty

February 18, 2011

A sharp rise in food prices since June has pushed 44 million people in developing countries into extreme poverty — having to live on less than $1.25 a day — according to a new study by the World Bank. The bank’s price index soared 29 percent from January 2010 to January 2011. Wheat, maize, sugar […]